You also know that it plays no games; whereas, managed funds are notorious for
window dressing at the end of a
quarter (meaning they sell things they don't want people to know they owned for most of the
quarter, and they buy things which they deem are «politically correct» in their circles to own a few days before the
quarter - end, so it shows up on the quarterly report).
Fund Managers Lift Results With Timely Trading Sprees The practice, known as «marking the close» or «portfolio pumping,» is a form of «
window dressing» — a term for a variety of techniques employed by asset managers to make their results look better at the end of the
quarter.